Inovatus is a strategic quantitive analytical company focused on improving the “Combined Ratio” of Property & Casualty Automobile writers through the mitigation of hard and soft fraud.  Our solutions deliver high ROI business impact at Time of Quote, Time of Bind and in the PIF Book.  We accomplish this by applying our proprietary analytical models and techniques, which are designed to address risk classification, claims fraud (hard fraud), premium leakage (soft fraud) and underwriting report ordering optimization, four major problems for the industry. Inovatus has researched and studied the issues associated with the rise of claims fraud and premium leakage with carriers from all aspects of the industry.

Today Inovatus offers four specific proprietary solutions, Relative Loss Predictor (RLP™), Consumer Verification Technology (CVT™), Intelligent Data Ordering (IDO™) and Premium Recovery Model (PReMo™). All four solutions are designed to deliver significant improvement and business impact value to carriers by improving the quantification of risk, reducing claims fraud cost,  increasing premium revenue, and reducing and optimizing underwriting report ordering cost.  Our solutions may be deployed through multiple methods.  RLP, CVT and IDO, all online point-of-quote and point-of sale solutions, are offered as an SaaS (Software as a Service) delivered by our Inovatus Hosting Services.  PReMo,  our policy reclassification  and premium leakage recovery solution for a carrier’s PIF book, is offered in a batch environment and performed prior to policy renewal.  It is delivered through Inovatus’ Hosted Services.  Inovatus solutions can be offered to any P&C insurance provider regardless of their size from small and mid tier regionals to large tier national carriers.  With over 3,000 P&C insurance carriers in the U.S, this is significant to the industry as now even underserved mid and small-tier insurers can leverage Inovatus’ unique solutions for improving their “Combined Ratio” and the way they perform their business.

Inovatus principals and personnel use a combination of business process decomposition, high quality data, sophisticated analytics, and rules based decisioning to identify and configure unique thoughtful solutions to the challenges faced by our customers.  From considerable upfront analysis we can calculate and provide specific accurate business impact and return on investment (ROI) opportunities for each solution we introduce.

We invite you to explore the site and learn more about what we can do for you, the type of projects we engage, and how we foster a “path to success.”  We look forward to hearing from you with any questions or comments, Please contact Richard Collier  (770) 837-0274 or by email.